Killik – Buy Note on Quindell at 211p

For the avoidance of doubt I think this note from broker Killik is unmitigated drivel. Quindell (QPP) has not answered a number of key Gotham points. Quindell’s cashflow looks incredibly weak. Killik refers to a “number” of Red Flags. There is a very large number. As to major shareholders doing Due Diligence, I guess they did with Gowex too. Maybe Killik can explain how many shares Quindell issued to itself to buy PT Healthcare and how many it has dumped without telling us? Anyhow in the interests of balance I bring you a buy note from Killik. My stance remains sell with a 20p target. Killik writes:

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